0031 GMT - The yen is likely to trade in a 158.50-160.50 range versus the U.S. dollar on Monday, with Mideast concerns continuing to put upward pressure on the dollar, says Sony Financial Group analyst Juntaro Morimoto. "Speculative Chicago IMM positions are already net-short the yen, suggesting that any dollar-yen upside driven by the unwinding of yen-long positions will likely be more muted than in the past," he says. Watchfulness against the Japanese government's likely currency intervention will also remain high around the 160 threshold, he adds. The yen was recently trading at 159.16 to the dollar.(megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
March 22, 2026 20:31 ET (00:31 GMT)
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